The decision was made during Friday’s meeting of ministers chaired by Finance Minister Yoo Il-ho, the broadcaster reported.

It also said the “government will maintain a stable level of foreign exchange reserves to prepare against financial jitters and make preparations to issue foreign exchange equalization bonds depending on the market situation.”

Financial market uncertainties emerged in the wake of the Brexit vote but South Korean officials say the situation has eased since then due to “response measures taken by major economies.”

However, they warn of possible escalating market repercussions depending on future developments should economic conditions deteriorate in the UK, reports KBS.